Politics of Sunday, 28 August 2016Source: citifmonline.comNPP’s promise to reduce taxes deception – Ato ForsonCassiel Ato Forson, Deputy Finance MinisterThe Central Regional Campaign Coordinator of the incumbent National Democratic Congress (NDC), Cassiel Ato Forson, has shot down the opposition New Patriotic Party’s (NPP) promise to reduce taxes if elected into office. The New Patriotic Party has chastised government for increasing taxes to the point of burdening businesses and has pledged to reduce and in some cases scrap some taxes should the NPP be voted into office on December 7. The Ajumako Enyan-Essiam MP said no party in Ghana can reduce corporate tax by 50 percent as promised by the opposition NPP. “I have heard somebody saying he would reduce taxes by fifty percent when he wins power. I want to ask that person that corporate tax in Ghana is twenty-five percent; so it means reducing it by fifty percent would take us to twelve and half percent, he should show me one African country who’s corporate tax is twelve and half percent and also point out to me one lower middle income country who’s corporate tax is twenty-five percent.

Source: GhanaWeb August 28, 2016 06:00 UTC